THE BULL & BEAR

[spencer_has_arrived]

Market View: Market bias still mixed but working off morning lows -Update- -Technical-

The stock market opened on a mixed/weaker note following pre-market Fed comments on below potential growth and saw some morning downticks following an in line with consensus ISM report for Nov. Have seen the indices work slowly higher off the morning lows but the they continue to cling to a mixed bias (S&P 500 slightly weaker amid minor weakness in Finance XLF -0.5%). Technically the market action thus far today appears to be merely a continuation of the minor correction that began after the Friday's gap higher start. Short term resistance is at 2672/2675 Nasdaq Comp, 13420 and 13460 Dow with levels for the lagging S&P 500 at 1482 and 1485.